[…] that idea back to Lloyd Shapley and placed more weight on contributions to auctions. Stanford were nonetheless on to this yesterday. Nonetheless, the Nobel prize decided to focus on matching markets — that is, markets […]

[…] that idea back to Lloyd Shapley and placed more weight on contributions to auctions. Stanford were nonetheless on to this yesterday. Nonetheless, the Nobel prize decided to focus on matching markets — that is, markets […]

Ironically, parking scarcity might be a good way of testing Al Roth’s matching markets model. That is, instead of “regulation” (or a flat-out prohibition on parking), why not “auction”off parking rights to those most willing to pay for them — like the new smart meters in San Francisco?